Personal Thoughts On Greece

In the recent market, Greece is a main topic. I do not know quite well what is happening in Europe to deal with this matter, I mean how serious it is.

There is a sort of limitation to collect information on Greece. I understand its deficit is getting bigger, and its amount is approximately 12% of GDP. The grade of Greek's bond was down, and this is the point of recent move in the market. Many market players predicts that downgraded bond will be sold by many investors. Based on this assumption, people start moving from Greek bonds to other safety assets.

That is what the market interprets.

Some people say why Greece is matter. The size of economy is relatively small, and other organisation or countries can save them. Maybe some investors just use this matter to sell Euro...

I am not sure the reality. However, it is the real that Greece makes the market up and down. One example of globalisation.

Michael Moore's movie "Capitalism"

I went to a movie theatre to see Michael Moore's latest movie, "Capitalism: A Love Story". I think his way to edit many other films into his movie is getting tired. And his way to approach toward the security guards seems unfair a bit. I mean, it should put toward the CEOs in banks.

Anyway, I understand those are very tiny things to discuss on this matter. This movie is not showing any surprising story but it is actually important enough. It lets us to take in consideration what has happened in the US to bail out bank business and who win and survive in this turbulence.

What is the relationship between the government and Goldman? Why the stock historically declined after the day the bill was rejected?

I felt I needed to research more about the US system.

One of my sources recommended me to watch this in a movie house because I could feel the current US atmosphere and the reason why Obama and Volcker put the regulation policy on financial sector. And I feel it now.